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Archive - 4/5/2024 - Sign In to see current Signals. |
Electronic Arts (EA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Electronic Arts (EA). During the week, the EA dropped -2.38 points, or -1.79%, and closed at 130.29 on Friday, April 5, 2024. Weekly volume was -9% below average. EA is a member of Interactive Home Entertainment Industry. Interactive Home Entertainment is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See EA long-term trend chart] A long-term downtrend had started on July 13, 2018 at 151.26 and reached 73.91 on December 26, 2018. EA lost 77.35 points, or 51.14%, in 23 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 117.29 and resistance is at 149.09. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend. Medium-term trend: [See EA medium-term trend chart] A medium-term uptrend had started on March 13, 2023 at 108.53 and reached 144.53 on February 15, 2024. EA gained -36.00 points, or -33.17%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 126.02 and resistance is at 145.50. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See EA weekly technical indicators chart] Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 1, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See EA short-term trend chart] A short-term downtrend had started on March 13, 2024 at 138.07 and reached 128.90 on April 5, 2024. EA lost 9.17 points, or 6.64%, in 23 days. The price is now at the 15.16% retracement level. Daily Technical Indicators: [See EA daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Communication Services |
5 |
Industry |
Interactive Home Entertainment |
5 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
138.07 |
High Date |
03/13/2024 |
Low |
128.90 |
Low Date |
04/05/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
138.07 |
High Date |
03/13/2024 |
Low |
128.90 |
Low Date |
04/05/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Channel |
Status |
Valid |
Resistance |
130.96 |
Support |
125.71 |
High |
144.53 |
High Date |
02/15/2024 |
Low |
128.90 |
Low Date |
04/05/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Wedge |
Status |
Valid |
Resistance |
145.50 |
Support |
126.02 |
Low |
108.53 |
Low Date |
03/13/2023 |
High |
144.53 |
High Date |
02/15/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Ascending Triangle |
Status |
Valid |
Resistance |
149.09 |
Support |
117.29 |
High |
151.26 |
High Date |
07/13/2018 |
Low |
73.91 |
Low Date |
12/26/2018 |
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